NorthEdge Acquires Oak Engage from Maven

UK private equity firm NorthEdge has acquired Newcastle-based employee engagement SaaS provider Oak Engage from Maven, marking an exit for Maven's investor funds and delivering a reported 2.1x return. NorthEdge said the investment will be used to accelerate Oak Engage’s growth by investing in its commercial team, go-to-market strategy, systems and product capabilities to capitalise on rising demand for employee engagement tools among mid-to-enterprise customers.